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Nexia CEO Letter to Shareholders

SALT LAKE CITY, UT--(Marketwire - August 12, 2008) - Nexia Holdings, Inc. (OTCBB: NXHD)
reported that Richard Surber, the President and CEO of the Company, has
released the following letter addressed to Nexia's shareholders:

Dear Shareholders:

In light of recent communication from several of shareholders I felt it
appropriate to write a general response to inform you of our current plans
and to explain some of our recent actions. We recently carried out a 1 for
1,000 reverse stock split to decrease the number of outstanding shares and
to increase the share price per share as an effort to create a more
attractive structure to a broader base of investors. It also became
necessary to change our independent certifying accounting firm, which has
led to our retaining a new accounting firm which in the short term has
caused an increase in costs and delays in our accounting processes.
However, over the long term I believe the change in auditors will decrease
our outside auditing costs. We hope to have many of our accounting issues
behind us so that Nexia can move forward and secure the financing available
to us upon the completion of our S-1 offering document that has been in
process for almost three years now. Upon the offering document clearing
comments with the Securities and Exchange Commission, Nexia may be able to
raise up to $10M pursuant an equity line of credit.

We have recently hired a new designer for our clothing division and have
closed our underperforming retail outlets with a renewed focus on online
sales of the Black Chandelier apparel products we design and produce. We
have retained two professionals to seek out and evaluate potential salon
acquisitions to grow the Landis Lifestyle Salon brand beyond our two
operating locations. We are continuing our efforts to bring Green
Endeavors, Ltd. (PINKSHEETS: GRNE) to become a fully reporting stand alone
company which would be spun off to Nexia's shareholders. Our expectation
is that GRNE will become a national mid range salon company that operates
under the guidelines of Aveda. Aveda is an earth friendly, organic based
product that is own by one of the largest cosmetics companies in the world,
Esteé Lauder.

Nexia has been challenged by tight credit, low demand for its common stock,
a downturn in the retail clothing market and rising compliance and
accounting costs. I and the staff of Nexia are working on all fronts to
overcome these challenges. We have decreased spending, hired investment
relations firms. In addition, we are retooling our clothing product mix
and focusing on growth through the acquisition of salons to improve our
financial position. Our two existing salons are on track to generate at
least $2.3M in gross revenues. I would like to acquire a minimum of 25
additional salons that on average generate at least $1M in revenues per
salon.

Over the coming weeks and months, I will expound upon many of the items
mentioned in this letter. I remain dedicated to making Nexia and its
operations successful over the long term.

Nexia strongly encourages the public to read the above information in
conjunction with its Form 10-K for December 31, 2007 and the subsequent
quarter of 2008. Nexia's disclosures can be viewed at www.nexiaholdings.com
and www.sec.gov.

This press release contains forward-looking statements. There are no
assurances that such assumptions will prove correct. These forward-looking
statements involve a number of risks and uncertainties, including an
expectation of substantial increase in sales. The actual results that
Nexia Holdings may achieve could differ materially from any forward-looking
statements due to such risks and uncertainties.